Vivendi Mum on Possible NBC Universal Sale

By Andrew Gauthier 

The Los Angeles Times

The board of French media and telecommunications company Vivendi convened today in Paris for a lengthy board meeting, but the company would not say whether it had decided to shed its 20% stake in NBC Universal.

Vivendi has time. The window on whether to exercise its option to sell its interest in the U.S. media company — which owns the NBC broadcast network, Universal Pictures movie studio, theme parks, Spanish-language television network Telemundo and such profitable cable channels as USA, Bravo, MSNBC and CNBC — officially opens Nov. 15. Vivendi has until Dec. 10 to make its intention known to majority owner General Electric Co., when the window closes for another year.

Alternatively, Vivendi could decision to hold on to its stake. More…